Looking At Cloudflare's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Cloudflare (NYSE:NET) has been observed, with a split sentiment among investors. The activity includes both puts and calls within a price window of $95.0 to $105.0. Cloudflare's current stock price is $97.02, with a neutral RSI and its next earnings report due in 45 days. Analyst ratings vary, with an average price target of $100.67. The options activity suggests anticipation of significant price movement.

March 11, 2024 | 4:46 pm
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Cloudflare has seen unusual options activity, indicating mixed investor sentiment. The stock price is currently at $97.02, with a neutral RSI. Analysts have set an average price target of $100.67, suggesting potential upside.
The unusual options activity, with a balanced mix of bullish and bearish sentiments, suggests uncertainty about Cloudflare's short-term price direction. The current stock price is close to the lower end of the observed options price window ($95.0 to $105.0), and with analyst ratings offering a slightly higher average price target, there's potential for both upside and downside. The neutral RSI further complicates the short-term outlook, making it difficult to predict the immediate impact on the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100